And Obama, Bush, and Clinton deserve to die in prison for their parts:
"The set up began when we heard about the ownership society in the 2004 presidential election.
"President Bush defined ownership as taking the government out of our lives so more people could own homes and control their destinies. The foundation was home ownership.
"As Bush said on the campaign trail, 'Were creating a home an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property' October 2, 2004.
"Then Federal Reserve Chairman Alan Greenspan was uncharacteristically coherent when he laid the foundation for the swindle earlier that year.
"Greenspan told the Credit Union National Association that the fixed rate mortgage was an expensive way of financing a home.
"He was clear when he advised lenders that, 'consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.' February 2, 2004. Home equity through exotic mortgage products fueled consumption and became the new 'margin account.'
Beyond Foreclosuregate - It Gets Uglier
Does anyone think this swindle will change if Romney or Obama wins next November.
The rich will win, just as they have for thousands of years.
Some slaves never learn...
"The set up began when we heard about the ownership society in the 2004 presidential election.
"President Bush defined ownership as taking the government out of our lives so more people could own homes and control their destinies. The foundation was home ownership.
"As Bush said on the campaign trail, 'Were creating a home an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property' October 2, 2004.
"Then Federal Reserve Chairman Alan Greenspan was uncharacteristically coherent when he laid the foundation for the swindle earlier that year.
"Greenspan told the Credit Union National Association that the fixed rate mortgage was an expensive way of financing a home.
"He was clear when he advised lenders that, 'consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.' February 2, 2004. Home equity through exotic mortgage products fueled consumption and became the new 'margin account.'
Beyond Foreclosuregate - It Gets Uglier
Does anyone think this swindle will change if Romney or Obama wins next November.
The rich will win, just as they have for thousands of years.
Some slaves never learn...